Tawarruq

140+ customers use Nucleus Software's lending product

Tawarruq

Tawarruq is an extensively used Islamic financial product which allows clients to raise money quickly and easily, in theory without breaking Muslim bans on interest. A customer buys an easily saleable asset from an Islamic bank at a marked up price, to be paid at a later date, and quickly sells the asset to raise cash. The mark-up acts as a earning for the bank.

It is one of the key Islamic Lines of Business for which Nucleus Software has a comprehensive integrated solution using our unmatched domain expertise and customer insight.